Keybank National Association OH decreased its holdings in Foot Locker, Inc. (NYSE:FL) by 28.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,423 shares of the athletic footwear retailer’s stock after selling 4,548 shares during the period. Keybank National Association OH’s holdings in Foot Locker were worth $563,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Foot Locker by 2,189.3% during the 1st quarter. BlackRock Inc. now owns 9,163,944 shares of the athletic footwear retailer’s stock valued at $685,553,000 after acquiring an additional 8,763,641 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Foot Locker by 151.3% during the 1st quarter. Morgan Stanley now owns 1,439,075 shares of the athletic footwear retailer’s stock valued at $107,656,000 after acquiring an additional 866,525 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Foot Locker by 65.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,819,210 shares of the athletic footwear retailer’s stock valued at $89,651,000 after acquiring an additional 718,800 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in shares of Foot Locker by 6,648.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 729,398 shares of the athletic footwear retailer’s stock valued at $35,741,000 after acquiring an additional 718,590 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Foot Locker by 23.4% during the 2nd quarter. APG Asset Management N.V. now owns 2,497,431 shares of the athletic footwear retailer’s stock valued at $123,073,000 after acquiring an additional 473,289 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.
Several equities research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on Foot Locker and gave the company a “buy” rating in a report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on Foot Locker and gave the company a “buy” rating in a report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on Foot Locker and gave the company a “hold” rating in a report on Saturday, May 20th. Finally, Robert W. Baird downgraded Foot Locker from an “outperform” rating to a “neutral” rating in a report on Monday, August 21st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $65.81.
Shares of Foot Locker, Inc. (NYSE:FL) opened at 35.73 on Monday. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.26 and a beta of 0.73. The company has a 50-day moving average price of $42.41 and a 200-day moving average price of $59.80. Foot Locker, Inc. has a 12 month low of $31.56 and a 12 month high of $79.43.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, August 18th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. Foot Locker had a return on equity of 21.52% and a net margin of 7.49%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Foot Locker, Inc. will post $3.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 3.47%. Foot Locker’s dividend payout ratio (DPR) is presently 28.57%.
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Foot Locker Company Profile
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
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